Lumax Industries Limited manufactures, trades in, and supplies auto components for two and three wheelers, four wheelers, commercial and passenger vehicles, and tractors/farm equipment in India and internationally. The company offers automotive lighting systems, including head and rear/tail lamps, LED lamps, and sundry and other auxiliary lamps. It serves automotive original equipment manufacturers. Lumax Industries Limited was founded in 1945 and is based in Gurugram, India.
Lumax Industries Dividend Announcement
• Lumax Industries announced a semi annually dividend of ₹35.00 per ordinary share which will be made payable on 2024-10-27. Ex dividend date: 2024-09-09
• Lumax Industries annual dividend for 2024 was ₹35.00
• Lumax Industries annual dividend for 2023 was ₹54.00
• Lumax Industries's trailing twelve-month (TTM) dividend yield is 1.46%
• Lumax Industries's dividend growth over the last five years (2018-2023) was 18.61% year
• Lumax Industries's dividend growth over the last ten years (2013-2023) was 28.21% year
Lumax Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-09 | ₹35.00 | semi annually | 2024-10-27 |
2023-08-10 | ₹27.00 | semi annually | 2023-09-20 |
2023-08-07 | ₹27.00 | semi annually | |
2022-07-08 | ₹13.50 | semi annually | 2022-08-20 |
2021-08-20 | ₹7.00 | semi annually | 2021-09-30 |
2020-08-20 | ₹6.00 | semi annually | 2020-09-25 |
2020-03-24 | ₹17.50 | semi annually | 2020-04-13 |
2019-08-14 | ₹35.00 | semi annually | 2019-09-22 |
2018-07-09 | ₹23.00 | semi annually | 2018-08-17 |
2017-07-13 | ₹14.50 | semi annually | 2017-08-21 |
2016-03-17 | ₹12.00 | semi annually | 2016-09-07 |
2015-08-10 | ₹5.50 | semi annually | 2015-09-08 |
2014-08-13 | ₹3.50 | semi annually | 2014-09-21 |
2013-07-25 | ₹4.50 | semi annually | 2013-09-05 |
Lumax Industries Dividend per year
Lumax Industries Dividend growth
Lumax Industries Dividend Yield
Lumax Industries current trailing twelve-month (TTM) dividend yield is 1.46%. Interested in purchasing Lumax Industries stock? Use our calculator to estimate your expected dividend yield:
Lumax Industries Financial Ratios
Lumax Industries Dividend FAQ
Other factors to consider when evaluating Lumax Industries as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Lumax Industries's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Lumax Industries publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Lumax Industries distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Lumax Industries are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Lumax Industries sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Lumax Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Lumax Industries declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Lumax Industries's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Lumax Industries's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.